Solyndra Weighs Abandoning Turnkey Sale Efforts

Law360, Wilmington (November 22, 2011, 9:50 PM EST) -- After efforts to sell its solar panel business intact drummed up little interest, Solyndra LLC is preparing to sell off its machinery and equipment piecemeal as a backup plan, an attorney for the company said Tuesday in Delaware bankruptcy court.

Solyndra — whose $535 million government-backed loan has ignited a fierce debate on Capitol Hill over the Obama administration’s efforts to promote clean energy — is still in talks with several potential bidders for a turnkey sale of its California manufacturing plant and other assets, company...